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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Oct. 01, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Year
(a)
Summary
Compensation
Table Total
for PEO(1)
(b)
Compensation
Actually
Paid to
PEO(2)
(c)
Average
Summary
Compensation
Table Total
for Non-PEO
Named
Executive
Officers(1)
(d)
Average
Compensation
Actually
Paid to
Non-PEO
Named
Executive
Officers(2)
(e)
Value of Initial
Fixed $100 Investment
Based on:
Net Income
(h)
Revenue
($ in millions)
(i)
Total
Shareholder
Return
(f)
Peer Group
Total
Shareholder
Return(3)
(g)
2023 $ 17,261,436 $ 24,905,013 $ 5,104,831 $ 7,246,354 $ 71.02 $ 185.42 $ 982,763,578 $ 4,772.4
2022 $ 16,667,162 $ (3,791,369) $ 5,057,362 $ (596,664) $ 59.92 $ 95.60 $ 1,275,184,583 $ 5,485.5
2021 $ 16,150,421 $ 17,740,729 $ 4,231,051 $ 4,521,969 $ 113.02 $ 136.11 $ 1,498,319,703 $ 5,109.1
(1)
Our PEO was Liam K. Griffin for all years in the table. Our Other NEOs were Kris Sennesael (all years), Carlos S. Bori (all years), Robert J. Terry (all years), Reza Kasnavi (fiscal years 2023 and 2022) and Karilee A. Durham (fiscal year 2021).
(2)
The following table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amounts from the SCT Amounts. The SCT Amounts and the CAP Amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act.
(3)
The peer group is the S&P 500 Semiconductors Index.
2023
2022
2021
Adjustments
PEO
Other
NEOs*
PEO
Other
NEOs*
PEO
Other
NEOs*
SCT Amounts
$ 17,261,436 $ 5,104,831 $ 16,667,162 $ 5,057,362 $ 16,150,421 $ 4,231,051
Adjustments for stock and option awards
(Subtract): Aggregate value for
stock awards and option awards
included in SCT Amounts for the
covered fiscal year
$ (14,554,926) $ (4,125,680) $ (13,087,793) $ (3,865,961) $ (11,612,745) $ (2,876,649)
Add: Fair value at year end of
awards granted during the
covered fiscal year that were
outstanding and unvested at the
covered fiscal year end
$ 20,516,846 $ 5,815,643 $ 7,240,513 $ 2,138,748 $ 15,499,027 $ 3,839,404
Add (Subtract): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end $ 309,275 $ 88,027 $ (16,465,205) $ (4,559,564) $ (3,984,069) $ (1,101,103)
Add: Vesting date fair value of awards granted and vested during the covered fiscal year $ 903,977 $ 233,375 $ 1,719,966 $ 438,328 $ 1,646,304 $ 404,850
Add: Change as of the vesting
date (from the end of the prior
fiscal year) in fair value of awards
granted in any prior fiscal year
for which vesting conditions
were satisfied during the
covered fiscal year
$ 468,405 $ 130,158 $ 133,989 $ 194,423 $ 41,791 $ 24,416
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Add: Dividends or other
earnings paid on stock or option
awards in the covered fiscal year
prior to vesting if not otherwise
included in the SCT Amounts for
the covered fiscal year
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0
CAP Amounts (as calculated)
$ 24,905,013 $ 7,246,354 (3,791,369) (596,664) 17,740,729 4,521,969
*
Amounts presented are averages for the entire group of Other NEOs in each respective year.
The valuation methodology used to calculate fair values in the above table did not materially differ from those used to calculate fair values at the time of grant as reflected in the SCT Amounts.
   
Company Selected Measure Name Revenue    
Named Executive Officers, Footnote
(1)
Our PEO was Liam K. Griffin for all years in the table. Our Other NEOs were Kris Sennesael (all years), Carlos S. Bori (all years), Robert J. Terry (all years), Reza Kasnavi (fiscal years 2023 and 2022) and Karilee A. Durham (fiscal year 2021).
   
Peer Group Issuers, Footnote
(3)
The peer group is the S&P 500 Semiconductors Index.
   
PEO Total Compensation Amount $ 17,261,436 $ 16,667,162 $ 16,150,421
PEO Actually Paid Compensation Amount $ 24,905,013 (3,791,369) 17,740,729
Adjustment To PEO Compensation, Footnote
(2)
The following table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amounts from the SCT Amounts. The SCT Amounts and the CAP Amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act.
(3)
The peer group is the S&P 500 Semiconductors Index.
2023
2022
2021
Adjustments
PEO
Other
NEOs*
PEO
Other
NEOs*
PEO
Other
NEOs*
SCT Amounts
$ 17,261,436 $ 5,104,831 $ 16,667,162 $ 5,057,362 $ 16,150,421 $ 4,231,051
Adjustments for stock and option awards
(Subtract): Aggregate value for
stock awards and option awards
included in SCT Amounts for the
covered fiscal year
$ (14,554,926) $ (4,125,680) $ (13,087,793) $ (3,865,961) $ (11,612,745) $ (2,876,649)
Add: Fair value at year end of
awards granted during the
covered fiscal year that were
outstanding and unvested at the
covered fiscal year end
$ 20,516,846 $ 5,815,643 $ 7,240,513 $ 2,138,748 $ 15,499,027 $ 3,839,404
Add (Subtract): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end $ 309,275 $ 88,027 $ (16,465,205) $ (4,559,564) $ (3,984,069) $ (1,101,103)
Add: Vesting date fair value of awards granted and vested during the covered fiscal year $ 903,977 $ 233,375 $ 1,719,966 $ 438,328 $ 1,646,304 $ 404,850
Add: Change as of the vesting
date (from the end of the prior
fiscal year) in fair value of awards
granted in any prior fiscal year
for which vesting conditions
were satisfied during the
covered fiscal year
$ 468,405 $ 130,158 $ 133,989 $ 194,423 $ 41,791 $ 24,416
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Add: Dividends or other
earnings paid on stock or option
awards in the covered fiscal year
prior to vesting if not otherwise
included in the SCT Amounts for
the covered fiscal year
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0
CAP Amounts (as calculated)
$ 24,905,013 $ 7,246,354 (3,791,369) (596,664) 17,740,729 4,521,969
*
Amounts presented are averages for the entire group of Other NEOs in each respective year.
The valuation methodology used to calculate fair values in the above table did not materially differ from those used to calculate fair values at the time of grant as reflected in the SCT Amounts.
   
Non-PEO NEO Average Total Compensation Amount $ 5,104,831 5,057,362 4,231,051
Non-PEO NEO Average Compensation Actually Paid Amount $ 7,246,354 (596,664) 4,521,969
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The following table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amounts from the SCT Amounts. The SCT Amounts and the CAP Amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act.
(3)
The peer group is the S&P 500 Semiconductors Index.
2023
2022
2021
Adjustments
PEO
Other
NEOs*
PEO
Other
NEOs*
PEO
Other
NEOs*
SCT Amounts
$ 17,261,436 $ 5,104,831 $ 16,667,162 $ 5,057,362 $ 16,150,421 $ 4,231,051
Adjustments for stock and option awards
(Subtract): Aggregate value for
stock awards and option awards
included in SCT Amounts for the
covered fiscal year
$ (14,554,926) $ (4,125,680) $ (13,087,793) $ (3,865,961) $ (11,612,745) $ (2,876,649)
Add: Fair value at year end of
awards granted during the
covered fiscal year that were
outstanding and unvested at the
covered fiscal year end
$ 20,516,846 $ 5,815,643 $ 7,240,513 $ 2,138,748 $ 15,499,027 $ 3,839,404
Add (Subtract): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end $ 309,275 $ 88,027 $ (16,465,205) $ (4,559,564) $ (3,984,069) $ (1,101,103)
Add: Vesting date fair value of awards granted and vested during the covered fiscal year $ 903,977 $ 233,375 $ 1,719,966 $ 438,328 $ 1,646,304 $ 404,850
Add: Change as of the vesting
date (from the end of the prior
fiscal year) in fair value of awards
granted in any prior fiscal year
for which vesting conditions
were satisfied during the
covered fiscal year
$ 468,405 $ 130,158 $ 133,989 $ 194,423 $ 41,791 $ 24,416
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Add: Dividends or other
earnings paid on stock or option
awards in the covered fiscal year
prior to vesting if not otherwise
included in the SCT Amounts for
the covered fiscal year
$ 0 $ 0 $ 0 $ 0 $ 0 $ 0
CAP Amounts (as calculated)
$ 24,905,013 $ 7,246,354 (3,791,369) (596,664) 17,740,729 4,521,969
*
Amounts presented are averages for the entire group of Other NEOs in each respective year.
The valuation methodology used to calculate fair values in the above table did not materially differ from those used to calculate fair values at the time of grant as reflected in the SCT Amounts.
   
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_peergroup-pn.jpg]    
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
   
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_revenue-pn.jpg]
   
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_peergroup-pn.jpg]    
Tabular List, Table
The following table lists the five financial performance measures that, in our assessment, represent the most important performance measures we use to link the CAP Amounts for our named executive officers for fiscal year 2023 (our most recently completed fiscal year), to company performance. Of these measures, we have identified revenue as the most important.
EBITDA margin percentile ranking
Emerging revenue growth
Non-GAAP operating income
Revenue
TSR percentile ranking
   
Total Shareholder Return Amount $ 71.02 59.92 113.02
Peer Group Total Shareholder Return Amount 185.42 95.6 136.11
Net Income (Loss) $ 982,763,578 $ 1,275,184,583 $ 1,498,319,703
Company Selected Measure Amount 4,772,400,000 5,485,500,000 5,109,100,000
PEO Name Liam K. Griffin    
Measure:: 1      
Pay vs Performance Disclosure      
Name EBITDA margin percentile ranking    
Measure:: 2      
Pay vs Performance Disclosure      
Name Emerging revenue growth    
Measure:: 3      
Pay vs Performance Disclosure      
Name Non-GAAP operating income    
Measure:: 4      
Pay vs Performance Disclosure      
Name Revenue    
Measure:: 5      
Pay vs Performance Disclosure      
Name TSR percentile ranking    
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (14,554,926) $ (13,087,793) $ (11,612,745)
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 20,516,846 7,240,513 15,499,027
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 309,275 (16,465,205) (3,984,069)
PEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 903,977 1,719,966 1,646,304
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 468,405 133,989 41,791
PEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (4,125,680) (3,865,961) (2,876,649)
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 5,815,643 2,138,748 3,839,404
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 88,027 (4,559,564) (1,101,103)
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 233,375 438,328 404,850
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 130,158 194,423 24,416
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ 0